ViaBTC ‘epic sat’ from fourth Bitcoin halving block sells for $2.13 million

On April 25, cryptocurrency mining pool ViaBTC sold “Sat 1,968,750,000,000,000” for 33.3 BTC (equivalent to $2.13 million) on cryptocurrency exchange CoinEx Global.

“CoinEx’s partner ViaBTC mining pool has officially mined its 840,000th block. This milestone not only marks Bitcoin’s fourth halving, but also includes a block identified as an epic ‘rare satoshi’ by the ordinal numbering system. “It does,” CoinEx Global wrote. Satoshi’s auction page, adding On social media, “This auction is not just a bidding event. “This means community awareness, media attention, and widespread acceptance of Bitcoin.”

‘Epicto’ auction

ViaBTC mined the 840,000th Bitcoin mining block on April 20 at 00:09 UTC (approximately 8 PM on April 19), ushering in a new era of Bitcoin mining. At that time, ViaBTC received 3.125 BTC in mining rewards and 37.6256 BTC ($2,401,399) in compensation fees.

ViaBTC then set up rare satoshis for CoinEx auction, starting at 1 BTC. “The general public is very interested in collecting valuable items,” according to the auction page. “Because satoshis are assigned a unique identifier, they inherently have a higher collectible value. Because periodic events occur within the Bitcoin network, some are more frequent than others, which naturally promotes scarcity.”

Satoshi is the smallest unit of Bitcoin. The first Satoshi mined from the first Bitcoin block after the halving is very rare as only four exist. The Bitcoin Ordinals protocol, which assigns metadata to Bitcoin satoshis, makes these “epic sats” collectible and therefore extremely valuable, The Block previously reported I did.

The fourth Bitcoin halving reduced mining rewards from 6.25 BTC to 3.125 BTC. According to The Block’s Bitcoin Halving Countdown, the next Bitcoin Halving event is expected to occur around April 17, 2028. This halving will cause the mining reward to drop to 1.56 BTC, resulting in a fifth “epic” associated with the first subsequent block.

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